Churchill DownsBSP:C2HD34 77 EV-to-FCF is 27.33 as of Jul. 06, 2026, which is 32% below its 10-year median of 40.25. GuruFocus rates BSP:C2HD34 with a GF Score™ of 77/100 and a GF Value™ of R$38.57 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 572 Travel & Leisure companies, Churchill Downs ranks worse than 71.15% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Churchill Downs's Enterprise Value is R$55,513 Mil.
Churchill Downs's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was R$2,031 Mil. Therefore, Churchill Downs's EV-to-FCF for today is 27.33.
The historical rank and industry rank for Churchill Downs's EV-to-FCF or its related term are showing as below:
BSP:C2HD34'
s EV-to-FCF Range Over the Past 10 Years
Min: -347.62 Med: 40.25 Max: 796.45
Current: 29.37
During the past 13 years, the highest EV-to-FCF of Churchill Downs was 796.45. The lowest was -347.62. And the median was 40.25.
BSP:C2HD34's EV-to-FCF is ranked worse than 71.15% of 572
companies
in the Travel & Leisure industry
Industry Median: 15.735
vs BSP:C2HD34: 29.37
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Churchill Downs's PE Ratio (TTM) for today is calculated as:
Churchill Downs's share price for today is R$22.08.
Churchill Downs's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$1.471.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Churchill Downs EV-to-FCF Related Terms
Churchill Downs EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Churchill Downs's EV-to-FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BSP:C2HD34 vs LNWO, SGHC, RSI: EV-to-FCF Comparison
For the Gambling subindustry, Churchill Downs's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Churchill Downs EV-to-FCF vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Churchill Downs's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Churchill Downs's EV-to-FCF falls into.
Churchill Downs's current Enterprise Value is R$55,513 Mil.
Churchill Downs's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$2,031 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Churchill Downs (BSP:C2HD34) has a EV-to-FCF of 27.33 as of Jul. 06, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Churchill Downs and its competitors. This is 32% below median its historical median of 40.25. According to the industry distribution chart, Churchill Downs ranks #407 out of 572 companies in the Travel & Leisure industry, placing it in the top 71.2%.
Is Churchill Downs' EV-to-FCF too high?
Churchill Downs' current EV-to-FCF of 27.33 is 32% below median its 10-year median of 40.25. The Travel & Leisure industry median EV-to-FCF is 15.74. Churchill Downs' value of 27.33 is 73.7% above this industry median. Based on the distribution chart, Churchill Downs ranks #407 out of 572 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Churchill Downs has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Churchill Downs' EV-to-FCF compare to LNWO and SGHC?
According to the Travel & Leisure industry distribution chart, Churchill Downs ranks #407 out of 572 companies for EV-to-FCF. This places Churchill Downs in the lower half of its industry. The industry median EV-to-FCF is 15.74. Churchill Downs' value of 27.33 is 73.7% above this benchmark. While the company's 10-year median is 40.25 vs. the industry median of 15.74, Churchill Downs has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Travel & Leisure company?
The median EV-to-FCF among Travel & Leisure companies is 15.74, based on 572 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Churchill Downs's current EV-to-FCF of 27.33 is 73.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Churchill Downs and its competitors. For the Travel & Leisure industry, the median EV-to-FCF is 15.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Churchill Downs's current EV-to-FCF is 27.33, which is 32% below median its own 10-year median of 40.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Churchill Downs stock overvalued right now?
Based on GuruFocus' analysis, Churchill Downs (BSP:C2HD34) is currently considered Possible Value Trap. The stock's GF Value™ is R$38.57, compared to a current price of R$22.08 — trading 42.8% below its estimated fair value. The current EV-to-FCF is 27.33, which is 32% below median its 10-year median of 40.25 and 73.7% above the Travel & Leisure industry median of 15.74. Churchill Downs' overall GF Score™ is 77/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Churchill Downs (BSP:C2HD34), the current EV-to-FCF is 27.33 as of Jul. 06, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Churchill Downs (BSP:C2HD34) Overvalued in 2026?
Based on GuruFocus' analysis, Churchill Downs stock appears to be undervalued.
The current stock price of R$22.08 is trading 42.8% below its estimated GF Value™ of R$38.57.
GuruFocus considers Churchill Downs to be Possible Value Trap.
Key valuation signals for BSP:C2HD34:
EV-to-FCF: 27.33 (32% below median its 10-year median of 40.25)
GF Value™: R$38.57 vs. price of R$22.08 (42.8% below fair value)
Industry Position: 73.7% above the Travel & Leisure median (#407 of 572)
No single metric tells the full story. See the BSP:C2HD34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Churchill Downs Inc is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, Wagering Services, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The Wagering Services segment includes the revenue and expenses from pari-mutuel wagers through TwinSpires, companies retail and online sports betting business and Gaming segment includes revenue and expenses for the casino properties and associated racetracks that support the casino license. The Gaming segment generates revenue and expenses from slot machines, video lottery terminals, video poker, HRMs, ancillary food and beverage services, hotel services, commission on pari-mutuel wagering, and racing events.
77GF Score
Get the complete analysis for BSP:C2HD34
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:C2HD34 has been successfully added to your 
